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Revised:  03/14/2004

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301-G-E-T-A-S-A-L-E  

 

(438-2725)

 

 

  Re/Max Premiere

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Offices in

Potomac and Burtonsville 

 

301-G-E-T-A-S-A-L-E  

 

(438-2725)

 

 

 

 

 

As you are probably aware this is a different market than the one we had last year at this time.

 

In one sentence -

 

There still are fewer homes for sale and sellers are getting sales that net more money.

 

Last year I wrote the above quote and it still holds true this year. With the exception that it is even more so this year. Generally at this time of year (spring) we have about  20 properties on the market in the zip code I live in. This year it is averaging to be about 4 properties on a daily basis.

 

First time home buyers are still out there. Every month there are people who no longer want to pay rent or their lease is coming to an end and they are looking to buy. This weeks (March 15th) latest seasonally adjusted unemployment rate for the state of Maryland (Jan 2004) is only 4.3% - That's the lowest unemployment since Sept of 2001 (9/11). The labor force for Md. has grown during that same period from 286,000 to 295,000 [ link -> Maryland BLS  click on Maryland seasonally adjusted, then retrieve data].

There are still people moving to the area and they are still getting jobs.

 

Interest rates are lower now than they were during the winter Local Rates are very good from both the long term and short term views.

 

 If there was no uncertainty it is likely that rates would be climbing and keep many buyers out of the market.

 

Find out how to price your home in this marketplace

 

There are still strategies and tactics which will maximize the net amount you can walk away with  -

 

This is where and when EXPERIENCE counts the most.

 

Call me today to put my 18 years of experience to work for you.

 

John -

 

 

 

(These statistics will be updated when ready - usually the second week of the month)

 

 Statistics Montgomery County

 

For the latest statistics on Montgomery county sales you can open this Adobe 'pdf' file here  ->

 

Feb 2004

 

 Statistics Prince Georges County

 

For the latest statistics on P.G. county sales you can open this Adobe 'pdf'  file here->

 

Jan 2004

 

You will need the Adobe Acrobat viewer to view these files you can get it here by clicking on the Adobe icon ->

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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